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Keith Gilabert, "What is the current interest rate for an SBA loan?"

I would like some input on the current interest rates small businesses are
receiving.
What is the rate for start-ups?
What is the rate for established companies that need re-tooling funds?
Thank you,
Keith Gilabert

Money and Risk | Creator |
5/7/2012 - 4:24 pm

Unless you're buying a building for your business to occupy, your loans will
be a 7A which is a guarantee program. The banks will charge you loan fees up
to 3% along with a rate based on Prime. It can range anywhere from P+2 to
P+5%.

BizResearcher | Window Shopper |
4/24/2012 - 12:27 pm

The SBA guarantees loans through local banks; it does not issue loans. The
interest rate will depend on many things, including the type of business you
are starting, the amount you want to borrow and your credit history. Your
local banker can provide details.